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  • gwarrenflgwarrenfl Member Posts: 96
    Car_Man,
    Thanks for the input, and here are all of the facts now that I have them.
    1. Lease Payoff on my car 01 Sebring Limited, is $13,800
    2. Audi Dealer on trade in offered me $10,500
    3. Audi dealer contacts Leasing Company Aimbridge and they offer dealer a lower payoff amount of $12,200. (This would release me from Lease payments)
    4. Visit to CarMax brings an offer of $13,000
    5. I contact Aimbridge & they will not offer me anything other than original payoff amount of $13,800. If I can sell the vehicle for anything over the $13,800 then I get the difference. If They sell vehicle to Carmax then it's for the $13,000. :confuse:

    So that's how it works I presume. The good news is that I can exit my lease early without a penalty :D

    On a separate note I am negotiating for an Audi A4 Cabriolet 1.8. They do not have any in stock with the Colors and Options that I want. :shades:
    Right now it appears that I am looking at one that is still being shipped and due here shortly. Unfortunately to get what I want I will also have to take another $3,000 in Options that I really don't need. They are being fair on the sale price :) so it will add about $30 a month to the lease payment.

    My question is, do you know when they will be shipping the "NEW MODEL" Audi A4 Cabriolet 2.0, which will be replacing the 1.8. Is it worth my while to wait? Can I count on the lease program when they do arrive? Right now with a 60% 36 month Residual and .00175 MF the Payment is fair. They are also willing to sell me the car at $500 over Invoice, which I know is unusual. :confuse:

    Thanks again for your input.
    Gary
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Wow, three straight questions about Nissan, arx330 :). OK, if you were to lease a 2005 Nissan 350Z Coupe Touring through NMAC right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00235 and 63%, respectively. The numbers for an otherwise identical 3 year lease should be .00235 and 55%.

    If you were to lease a 2005 Nissan Altima 3.5 SE through NMAC right now for 2 years with 15,000 miles per, its base lease money factor and residual value should be .00115 and 69%, respectively. The numbers for an otherwise identical 3 year lease should be .00161 and 59%. When negotiating your lease ont his car, keep in mind that Nissan is currently providing $500 lease cash on it.

    Car_man
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  • vgurlvgurl Member Posts: 8
    "Hi Car Man, I'm looking to lease a Honda Accord EX (automatic) and was quoted on a 36mo/12k mi lease of $310/mo. He said that he based this off of an invoice price of $21,214 for the accord w/ a residual value of 56%. Also, I would be paying $526 for TTL. Does this sound right to you? Sorry if I missed some info. I'm new to leasing and this will be my very 1st car. Do you think that I can get the lease down to somewhere around $250 w/o putting money down? I know that Honda is running a lease deal of $249/mo on the EX but that's w/ a cap cost reduction of $1499 and $2593 would be due at signing. Any help on this would really be appreciated! I'd be leasing in Florida btw. I'm currently in NYC but am relocating to Florida w/ my job & need a car."

    The lease deal requires a net cap cost (after dealer discount and money down) of $20,318.82. The residual or $12,698.10 or 54% and the money factor is 0.00113 .

    If you plug these numbers in to a lease calculator you get the advertised $249 per month payment.

    Even if you negotiated the price down to this amount, you would still need to pay the $595 acquisition fee (higher in some states), refundable security deposit ($250 or $275), first month's payment, any up front taxes, title, tag, and dealer's fees out of pocket at signing. You CAN roll this stuff into the lease, but then your payments will go up.

    I plugged in the I4 EX /AT into carsdirect.com and using the Atlanta ZIP code the price comes up $20,263 - which is below the magic number to get the $249 a month lease. But you would still have to pay this other stuff up front or pay more than $249 a month. Also taxes in Florida are applied to the monthly payment and it varies depending on where you live - this is added to the $249 a month payment.

    If you can do without the alloy wheels and moonroof the LX is a better lease deal. Same residual percentage, but the money factor is 0.00038 (0.912%) and the car is cheaper. A dealer in KY just quoted me $18,200 for the car including destination and dealer fees. A dealer in GA quoted me even less than this! With the lower price of the car and the lower money factor, you can roll the acq fee and security deposit into the lease and still be under $250 a month. Heck, you could also do a sign and drive and be close to $250 a month (roll in everything, even the first month into the lease and pay nothing - just sign and drive).

    Dennis

    This was the answer you gave me with my original post up top. Very useful info btw. Thanks so much! But my credit score is 544 and I'm wondering if this will negatively affect the #'s you gave me in the above leasing scenarios. Help!
  • thrawnthrawn Member Posts: 8
    Dennis,

    Thanks - didn't see that. I've been following the Altima deals for a while now - I wish I could have done the deal last month, but there were very good (albeit extremely complicated) reasons why I couldn't.

    Thanks again,

    Sean
  • gymgirl1gymgirl1 Member Posts: 3
    Thanks Car-man!

    Can you do a sample lease payent for me?
    The MSRP is $63, 175.
  • dwynnedwynne Member Posts: 4,018
    Turn it in then buy it back as a BMW CPO. Then you get the balance of the BMW warranty and then 2 more years of CPO warranty (up to 100k miles or 6 years since new). Does not cover as much and there is a $50 deductible, but for the cost (around $1k) it would be well worth it.

    Work with your dealer before the turn in on the deal. In a lot of cases their purchase price from BMWFS will be less than your buyout price. So you pay them to CPO the car and make a little profit, yet you might not pay much or any more for your car.

    I would not get a 3rd party warranty, they can't be used everywhere and go out of business taking your money with them (i.e. Warranty Gold).

    Dennis
  • dwynnedwynne Member Posts: 4,018
    Residual is a percentage of the full MSRP including destination charge. You only "rent" the portion of your car/truck that falls between the residual dollar amount and your low, negotiated price. So every dollar you get off the price up front (the cap cost) is less you pay each month. The buyout at the end will be the same.

    If you are planning on buying off the end of the lease, be sure to compare the offerings of 3rd party lease banks to the offer from the captive bank (Toyota in your case). Quite often the captives have a higher residual on their stuff to make payments low - which saves you money on the payments but means you pay a good bit more and buyout time. A 3rd party bank may have a lower residual and even a lower money factor, and at the end the buyout will be less.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    This was the answer you gave me with my original post up top. Very useful info btw. Thanks so much! But my credit score is 544 and I'm wondering if this will negatively affect the #'s you gave me in the above leasing scenarios. Help!

    I don't know the answer to that question. You can seek pre-approval for the lease on the Honda Finance web page. If you get it, then at least you can do SOMETHING on the car - but they do not tell you the rate, etc. It is possible that after you got the pre-approval you could call them and ask them about the rate.

    Some lease banks are pass/fail - you get approved with a 544 you get the same rate as someone with a 730. Others are tiered, the better your score the lower the rate - in tiers. I do not know what Honda's system is. If you go to leasecompare.com you can get a look at the money factors for the Accord EX lease from a 3rd party bank that uses tiers. Put in 730 and see what rate comes up, then put in 544 and a higher rate should come up.

    The good news is that the incentive is better on the Accords this month than last, so the negotiated price should be lower.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    Did you see car_man's reply? Looks like you can't get the $1,500 and the lease deal - but he thinks you can get a $500 incentive.

    The Altima lease deal is still nice at a little over 1%. You can also look at the Accord LX I4 AT lease deal. .9% MF on that one and with the incentives you can bargain the price down to where you pay $595 + security + first month + tags/taxes and get it for $199/mo for 36 months.

    The Altima deal is super for a short, 24 month term - but I would not want to buy the car and the end of these lease they have jacked up the residual to make the payments low.

    Dennis
  • vgurlvgurl Member Posts: 8
    I went to leasecompare.com and they couldn't find rates for my credit score :( That can't be good, huh? When I plug in 730, the lowest payment that comes up is $326/mo. If I try to get the pre-approval from Honda & get denied will that lower my credit score even further? Today I paid up all my credit cards & just have my student loan outstanding. I wonder if that will help.
  • dwynnedwynne Member Posts: 4,018
    "They say" every time you do an app it can lower your score. There would not be a denied on your record, just another hit. I guess you could talk to someone at Honda Finance or maybe at the finance department at the dealership - but I am going to guess that they will not have good news for you :(

    I put my daughter's name on the car loan for her first new car when she was ready to head off to college. Years later having a paid off car loan on her credit report has made things a lot easier as a recent college grad.

    A lot of car lease/finance banks use "auto enhanced" scores - meaning they give more weight to car purchases and leases and payoffs than normal. If you have a strong history of paying off cars, etc then your auto enhanced score would be higher.

    Dennis
  • dwynnedwynne Member Posts: 4,018
    Hey car_man,

    Anything for April on the RX-8? Last month you posted the $2,000 lease incentive (which was never posted on the Edmund's incentive page) and I was wondering if Mazda had any factory to dealer money on the RX-8 for April? Any lease specials?

    Thanks,
    Dennis
  • thrawnthrawn Member Posts: 8
    Carman,

    Thanks for the info. I'll let you know how it goes.

    - Sean
  • thrawnthrawn Member Posts: 8
    Yeah, I saw that. But $500 will still come in pretty handy. The Accord deal is great, but a) I need a 24 month lease and b) I had an accord a few years ago that was stolen (it was my first car) and I don't know that I can ever have another accord without irrationally worrying that it too will be stolen.

    Thanks again,

    Sean
  • tlbuyer4tlbuyer4 Member Posts: 1
    I have been offered the following lease on an Acura TL Automatic w/o Nav.
    Please review and tell me if I should work on something better.....
    Total Price $31,634
    48 mo. lease; 18,000/yr./ $2,000 down including 3% sales tax, title, license, first mo. payment,...no security since I am a repeat AHFC customer.
    $484 mo.

    Thanks for your help....
  • tpell3tpell3 Member Posts: 3
    Hi Car_man

    My lease through Chase Auto is up in 4 months on my '03 G35 sedan but my dealer is offering to make the final 4 payments and lease me a new G35x now. The catch is that my payment is being calculated based on the MSRP of 39,410 with their justification being that they are making $2100 worth of payments on my remaining lease.

    I know this is benefitting them but is this something that I should reasonably expect to happen since I'd be able to get out of my lease earlier? My new payments through IFS would be $549 a month (NJ) for 39 mo 12k. 0 down and 2k due at signing. They said they were using a 4.54 apr so that'd be a .00177 MF, right? The 2 k was 1st month, security, acquisition fee and registration fees

    The other option is to finish out my lease and get a new one in August but given interest rates seem headed north, will waiting the 4 mo's result in possibly getting a higher lease payment anyway on an '05 G35x?

    Thanks
  • tcmotorcitytcmotorcity Member Posts: 11
    I am in Michigan. Just to recap -- I need the lease rate and residual % for 36mos/12K for the SR5 Sequioa. Thanks.

    tcmotorcity
  • rhard49rhard49 Member Posts: 226
    Carman G35 Lease HELP

    Can you give me an idea if this is a good lease Ininifty 2005 G35 SEDAN
    MSRP 32460 Buy 29757 39 months 12k mi year 1285 due at siginig includes tax 8.75% 795 Aquisition fee and First months payment.
  • cybersyscybersys Member Posts: 2
    Can the leasing guru help me decipher if this lease is a good deal. I spent about 3 hours at the dealership working on this one:

    2005 Pacifica AWD
    26U package
    Rear Seat Video
    17x7 chrome wheels
    Power Moonroof
    ($36,240 msrp total...options included)

    $440 per month (39 months)
    $589 due at signing (1st payment, doc, title, license)
    taxes rolled into lease (6.5%)
    12K per year
    $32,811 vehicle price
    $17,032 residual
    Money Factor .00089
  • mderiveromderivero Member Posts: 4
    Hello Car Man. I am new on this board and I need your help with some number. I want to lease the new Infiniti M35 non sport. Here the details:
    The MSRP will be $46,010 with the options I want and the Invoice price is $41,996.00
    I need to have an idea what my payments will be base on 39 months/12k and 15k per year.
    Also, 42 months/12k and 15k per year. No down and just incentives.
    I am in Florida if that helps.

    Thank you.

    Sincerely. Miguel.
  • ca_manca_man Member Posts: 23
    Hello car_man,

    Could you please let me know what the residuals, money factor and payment would be for an 2005 Audi A4 2.0T through their captive lease company ?

    The MSRP of the car is $34,120 and the negotiated selling price would be $ 32,700. The terms I am looking at are 24 months / 12K miles per year and 36 months / 12 K miles per year.

    Thanks in advance ! :D
  • pingpng50pingpng50 Member Posts: 16
    I have ordered a Lexus LS 430 which I hope will arrive in the next 60 days or so. I hope to lease it for 4 years with a 15k mileage allowance per year. Any help in my area. I believed it was in effect in february. Also has the residual gone down? This board is better than peppermint ice cream with chocolate sauce. Thank you so much
  • gman2005gman2005 Member Posts: 7
    Hey guys, I just wanted to take a moment to thank you for the information you provide in this forum. One of your posts mentioned the money factor on Maxima SE 15k/36mo leases (.00031or about three quarters of a percent!). My wife picked out an SE today, which we were able to buy/lease at invoice. What a smoking deal...a $30,000+ sports sedan for less than $400/month!

    You guys are incredibly helpful.

    Thanks again,

    Jeff
  • philociferphilocifer Member Posts: 2
    I read on this message board that the money factor for a BMW X3 3.0 in April is .0010. When I first went to the dealer last week, the money factor he told me was .00165. When I confronted him with the MF of .0010, he miraculously discovered that he was using last month's rates, and that the new rate for April is .0014. Furthermore, he said that even though BMW FS might have a base rate of .0010, no dealer would offer this. Any suggestions on how to handle this situation?
  • tc_eytc_ey Member Posts: 2
    Thank you very much, CAR_MAN
  • dwynnedwynne Member Posts: 4,018
    Where are you located?

    If there are other BMW dealers fairly close you can go talk to them and see if any of them is willing to give you the buy rate.

    You can also run the numbers through a lease calc and see how much paying an extra 0.96% raises your payment and is it worth it. 0.0014 is still less than a 3rd party less bank would charge for the same lease.

    To me, any dealer that will not give the buy rate is one I want to avoid and on principle I would not lease with the mark up. But I also don't mind travelling or shipping to get a deal.

    Dennis
  • russ6357russ6357 Member Posts: 1
    I have been trying, with little luck, to get the appropraite numbers (money factor, residual value etc) from a Jaguar salesman for a 1 year old XJ8 (2004).

    I have heard that Jag have a very good lease program on CPO vehicles but this guy keeps on trying to sell me on a new car - very annoying.

    The vehicle I have in mind is a 1 year old XJ8 for 43,900 (a big saving on the cost of a new car - ouch for that owner!) - I would like to lease it for 2 years at 12,000 per year.

    I probably have tier 2 credit.

    Thanks a lot for your help.
  • philociferphilocifer Member Posts: 2
    Dennis, thanks for the quick response. I am located in St. Louis. There are two other dealers locally that I have not talked to yet. Based on their reputation, I am not confident that they will offer the buy rate either. Can you recommend a way to approach dealers, locally or not, in order to get the buy rate?
  • dwynnedwynne Member Posts: 4,018
    I have "talked" with a salesperson from the new BMW dealership in Bowling Green and he seems on the up and up. It might be worth your while to get in touch and see what he says. You can forget Nashville, they are owned by Sonic Automotive and high a high dealer "doc" fee and markup every loan or lease they do. "I have to make some money" says the finance guy - and would rather you walk away than give you the buy rate.

    The guy I got my 330i from several years ago is in Augusta. I flew down and drove it back. My boss got his 540iA from him a couple of years later also with good result. I have sent several folks his way and as far as I know you always get a good deal and get the buy rate.

    E-mail me via my profile and I can pass along contact info.

    I would negotiate the best price on the truck, then insist on the buy rate. Try it at all the local dealers and see if someone is interested enough to do it. But you can get quotes from these other dealers I mentioned as a comparison.

    Dennis
  • paulsazpaulsaz Member Posts: 39
    Thanks for your help, I was able to get the following deal on a base S40 2.4i manual with metallic paint. 36/10,000

    MSRP $24,395
    Selling Price $22,822
    Loyalty rebate $1000.00
    36months/30,000 miles
    money factor .00004 ---(0.10% interest)
    residual 52%--$12,685

    Fees down:
    Lease fee $595.00
    Docs $388.00
    Tags $411.00
    First month $255.00
    8.1% sales tax $20.67
    TTL out of pocket $1669.67
    No Cap Reduction
    $255.00 per month plus sales tax
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Don't worry about it, michael10. That sort of thing happens all the time. OK, according to my calculations, if you were to lease a 2005 Honda Pilot EX-leather w/ Nav with an MSRP of $34,320 and a selling price of $32,700 through American Honda Finance Corp. right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $437.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jforce. Most manufacturers do not publish the details of their lease programs on their web sites. The only one that I have seen that publishes its lease rates is Ford and I have never seen vehicles' residual values published on an automaker's web site. Having said this, I should be able to give you an idea of what the lease programs are like for the cars that you are interested in if you let me know how long you want to lease them for and how many miles per year you need to be able to drive them.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, Ernest. So you've decided to go with the Honda Element for your next vehicle. It's hard to go wrong with any Honda model. Even though Honda is providing a special financing rate of 1.9% for up to 5 years on the 2005 Element, interestingly enough it is not providing any sort of lease support on it at this time. You may want to consider financing rather than leasing this truck. If you were to lease a 2005 Element EX 2WD through AHFC right now for 3 years with 12,000 miles per, its base lease money factor and residual value should be .00245 and 54%, respectively. The money factor for an otherwise identical lease of an Element EX AWD would be the same, but the residual value would be 55%.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Frank. GMAC's lease rate for the 2005 Cadillac CTS-V is indeed currently 3.95%. I would be happy to give you an idea of what this car's current residual values are like, but in order for me to do so I need you to tell me how long you want to lease this car for and how many miles per year you need to be able to drive it.

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  • daryll44daryll44 Member Posts: 307
    I am very interested in leasing a Honda CR-V SE for 36, 39 or 48 months. Actually, a 39 month lease, if available, would work best we won't need this third family vehicle after summer 2008, but will need it thru that summer. I would be willing to go 36 or, better yet, 48 months if that seems to be the best deal, however.

    This vehicle comes with all options and a sticker price of about $25700. Edmunds suggests a $1300 discount on it is about what to expect. What kind of deal should I expect with myEquifax credit score of 774?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks for the additional information, brandi20. Let's work up a sample lease payment on this car based upon the info that you provided me with and see what we come up with. According to my calculations, if you were to lease a 2005 Acura RSX with an MSRP of $22,820 (including destination) and a selling price of $21,000 through American Honda Finance Corp. right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $246.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, dguptaofnj. I'm glad that you have learned so much from reading this discussion. Congratulations on your new truck and thank you for taking the time to stop back and let us all know how everything turned out.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey pdurant. Unfortunately, I have not seen Southeast Toyota Finance's current lease program for the model that you are interested in this month. Sorry that I could not be of more help.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings jessie504. Let's calculate a lease payment on the car that you are interested in and see what we come up with. According to my calculations, if you were to lease a 2005 Pontiac GTO with an MSRP of $33,690 and a selling price of $31,903 through General Motors Acceptance Corp. right now for 3 years with 12,000 miles per, your zero down, pre-tax monthly payment should be around $468.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, Dean. I am familiar with some of the "lease swap" web sites that are out there, but have never personally used one. If your current deal is attractive enough or you sweeten it enough, you should be able to find someone who is willing to assume your lease, provided the bank that you are leasing through allows this sort of transaction. The only specific advice that I can offer you about leasing a 2005 Toyota Avalon is to shop around and make sure that you are getting the lowest possible selling price to base your lease payment on.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi delrick. No, I haven't seen any information on what the lease program will be like on the 9-7X. I don't think that Saab has published a lease program for it yet. I do not believe that General Motors is currently running an early lease termination program.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome vgurl. The fact that your credit score is low will definitely have an impact upon your ability to lease. Some manufacturers have tiered lease money factors that vary depending upon which one of their credit tiers a consumer qualifies for. With other automakers, either you qualify for their lease program or you don't. American Honda Finance Corp. is one of the captive finance companies that has a tiered lease program. Unfortunately, your credit score is low enough that you will not qualify for AHFC's top credit tier. There is a good chance that you still will be able to lease through it though, just with a higher money factor than the one that I mentioned earlier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello branco327. I can certainly understand your desire not to turn in your leased BMW with half of your mileage allowance left. While BMWs have fairly high resale values, their residual values for leases are extremely high as well. In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car or truck's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.

    As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value.

    If you opt not to purchase your BMW at lease-end, perhaps you can take a nice road trip or two before then to use up your unused miles. If I purchased this car at lease-end I personally would not purchase the extended warranty for $2,000. For two years of coverage, this comes out to almost $84 per month. That is a lot of money. If you are concerned about your car's reliability, which shouldn't be as much of a concern considering its low mileage, you can always stash the $2,000 that you would have spent on the warranty in the bank and use it in case you need to make any out of warranty repairs.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey toyotajim. Vehicles' residual values are based upon a percentage of their full MSRPs, including destination charges, plus the MSRPs of any options that can be residualized.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, Gary. At least you can get out of your current lease early without having to pay any sort of penalty. More often than not, lessees are upside down on vehicles that they try to get out of early. I have not heard when the redesigned Audi A4 Cabriolet will be arriving at dealers. It's tough to say what its lease program will be like when it eventually does. For $500 over invoice, I personally would be tempted to just lease an A4 1.8T Cabriolet right now and enjoy it this summer.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome, gymgirl1. I would be happy to calculate a lease payment on this car for you. According to my calculations, if you were to lease a 2005 Lexus SC430 with an MSRP of $63,175 and a selling price of $59,569 through LFS right now for 39 months with 12,000 miles per year (I am not sure if LFS offers leases with fewer miles than this), your zero down, pre-tax monthly payment should be around $886.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, Sean.

    Car_man
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  • vgurlvgurl Member Posts: 8
    Thanks Car_man & Dennis for your time in answering my questions. I've gotten so much good information on this forum and I really appreciate your help! I've actually paid off all of my credit cards and closed most of the accounts (I did it yesterday in the hopes that in about 1 month I'll see a little bit of an increase in my credit score). And having no credit card debt should help in my paying those increased rates on the lease :blush:

    Thanks again!
  • vgurlvgurl Member Posts: 8
    Thanks for the info Dennis. I had actually forgotten that I had gotten pre-approved for a Toyota lease w/ a base monthly of $332/mo. Does Toyota's financing work in a similar way to Honda's? I'd prefer getting a Honda over a Toyota.
  • gymgirl1gymgirl1 Member Posts: 3
    Wow - that's a quite a bit higher than what I am able to get through a leasing company here.
    Thanks Car_man - this entire site is very informative. I've enjoyed reading up on all this leasing information.
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